Need to improve healthcare
infrastructure coupled with demand for adoption of modern healthcare
technologies to drive the growth of global telemedicine market
According to
TechSci Research report, “Global Telemedicine Market By Component (Hardware,
Software, Service), By Deployment Mode (On-Premise v/s Cloud), By Type
(Telehospitals, Telehomes, mHealth), By Application (Telepathology,
Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, Others), By End
Users (Hospitals, Clinics, Homecare), By Region, Forecast & Opportunities,
2025”, the global telemedicine market is expected to significant
growth during the forecast period on account of the increasing technological
advancements and adoption of new technologies in the healthcare industry.
Additionally, growing telecommunication industry coupled with the increasing
smartphones and internet penetration is further expected to propel the market during
forecast years. Furthermore, associated advantages of telemedicine such as
improved care management, improved patient quality of life, reduced healthcare
expenditure, among others are anticipated to spur the market through 2025.
Besides, growing popularity remote patient monitoring service is also
positively impacting the growth of market. Also, growing number of patients
suffering from chronic diseases has led to increase in waiting time in
hospitals & clinics hence driving a shift towards telemedicine &
virtual doctors. Supportive government policies & schemes are also expected
to bolster the growth of market. However, requirement of high initial
investments can hamper the growth of market through 2025. Moreover, lack of
awareness and trust among the population especially in the developing economies
can hinder the growth of market during the next five years. Also, associated
legal & reimbursement issues which are especially faced by the patients in
the United States might impede the growth of market in the country.
Additionally, stringent regulatory policies coupled with the requirement of
skilled professionals in telemedicine might negatively impact the growth of
market.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Global Telemedicine Market"
The global
telemedicine market is segmented based on component, deployment mode, type,
application, end user, company and region. Based on component, the market can
be categorized into hardware, software and service. The service segment can be
further categorized into tele-consulting, tele-monitoring, tele-education,
tele-training and others. The service segment is expected to register the
highest CAGR during forecast period. This can be ascribed to the favorable
reimbursements for teleconsultation. Additionally, rapid adoption of real time
communication devices is further anticipated to drive the growth of segment.
The services segment also help in effective evaluation and diagnosis of
patients living in the remote areas. Based on type, the market can be grouped
into telehospitals, telehomes and mHealth. The telehomes segment is expected to
register the highest CAGR during forecast period on account of growing
prevalence of chronic diseases. Additionally, telehomes provide care, monitor a
patient and provide information by using latest technology in telecom. The
telehomes care programs manage and reduce chronic diseases by remote monitoring
the patients. The mHealth segment is also expected to witness formidable growth
over the next few years. This can be accredited to the use of this platform by
people to monitor their weight, diet, exercise, track blood glucose levels,
headache, sleep patterns, among others. Based on application, the market can be
fragmented into telepathology, telecardiology, teleradiology, teledermatology,
telepsychiatry and others. The teledermatology segment is expected to dominate
the market over the next few years. This can be attributed to the factors such
as delivering direct care through emails, texts or other services and patients
real time appointment with a dermatologist over a video platform. The
teleradiology segment is expected to witness significant growth through 2025
owing to the rapid adoption of picture archiving & communication systems
(PACS) in healthcare industry. This promotes easy transmission of radiology
images and electronic healthcare records.
Allscripts
Healthcare Solutions, Inc, Cardiocom, LLC, LifeWatch AG, InTouch Technologies,
Inc, Honeywell HomMed, F. Hoffmann-La Roche Ltd, CISCO Systems Inc., McKesson
Corporation, Telemedicine, Inc., AMD Global, Teladoc Health, Inc., MeMD, Encounter
Telemedicine, MDLIVE, Inc., Doctor on Demand, Inc., SnapMD, Inc., AmericanWell,
BioTelemetry, Medtronic Plc, Philips and others are some of the leading players operating
in global telemedicine market. The companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share. For instance, in April 2019, InTouch Technologies, Inc, announced the
release of “Solo”, a fully integrated end to end digital healthcare system
which can be used in any healthcare facility for any patient.
Customers can
also request for 10% free customization on this report.
“Asia Pacific is expected to
witness significant growth in the telemedicine market during the forecast
period, owing to the increasing healthcare expenditure and rising medical
tourism in the region. Additionally, high internet penetration and cloud based
services in the region is further anticipated to spur the market. Also, key
vendors operating in the market are expanding their business in the region,
thereby creating lucrative opportunities for the growth of market over the next
few years. Furthermore, increasing healthcare costs and prevalence of chronic
diseases such as cardiovascular diseases, renal diseases, cancer, diabetes,
among others are positively impacting the growth of market in the region.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Telemedicine Market By Component
(Hardware, Software, Service), By Deployment Mode (On-Premise v/s Cloud), By
Type (Telehospitals, Telehomes, mHealth), By Application (Telepathology,
Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, Others), By End
Users (Hospitals, Clinics, Homecare), By Region, Forecast & Opportunities,
2025”, has evaluated
the future growth potential of global telemedicine market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global telemedicine market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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